Whitey Ford
10-22-2024, 03:10 PM
Although there isn't much public information available about the Justice Climate Fund, it appears to have been an overnight success.
After gaining nonprofit status in August 2023, the organization was awarded $940 million by the Biden administration just eight months later in connection with the White House's $27 billion Greenhouse Gas Reduction Fund, which aims to provide financial assistance to reduce carbon emissions and reduce pollution.
The Justice Climate Fund is not the only nonprofit newcomer suddenly made rich by the GGRF. Within a month of gaining nonprofit status from the IRS, Power Forward Communities, which reported 2023 revenues of $100, was awarded $2 billion.
Critics note that many of the awardees are run by politically connected figures. The single biggest winner in the awards, which were announced in April, was the Climate United Fund, which is slated to receive $6.97 billion. The fund's directors include prominent Democrats, such as Phil Angelides, a former California State Treasurer, and Anthony Foxx, who served as Transportation Secretary in the Obama administration.
The unprecedented nature of the Greenhouse Gas Reduction Fund, which was created as part of 2022's Inflation Reduction Act, is raising concerns about the Biden administration's efforts to spend tens of billions of dollars in its final months, a gusher of taxpayer money that will flow into a poorly understood, untested, and difficult to audit format.
https://archive.is/EkQcb#selection-1251.0-1263.131
After gaining nonprofit status in August 2023, the organization was awarded $940 million by the Biden administration just eight months later in connection with the White House's $27 billion Greenhouse Gas Reduction Fund, which aims to provide financial assistance to reduce carbon emissions and reduce pollution.
The Justice Climate Fund is not the only nonprofit newcomer suddenly made rich by the GGRF. Within a month of gaining nonprofit status from the IRS, Power Forward Communities, which reported 2023 revenues of $100, was awarded $2 billion.
Critics note that many of the awardees are run by politically connected figures. The single biggest winner in the awards, which were announced in April, was the Climate United Fund, which is slated to receive $6.97 billion. The fund's directors include prominent Democrats, such as Phil Angelides, a former California State Treasurer, and Anthony Foxx, who served as Transportation Secretary in the Obama administration.
The unprecedented nature of the Greenhouse Gas Reduction Fund, which was created as part of 2022's Inflation Reduction Act, is raising concerns about the Biden administration's efforts to spend tens of billions of dollars in its final months, a gusher of taxpayer money that will flow into a poorly understood, untested, and difficult to audit format.
https://archive.is/EkQcb#selection-1251.0-1263.131